Mixed-Use Building with
137 7th ave Brooklyn, NY 11215
New
137 7th ave, Brooklyn, NY, 11215
$3,799,000
For Sale
$3,799,000
COMMERCIAL - Other - Brooklyn, NY
Property Size3,584 SF
Lot Size0.04 Acres
Price / SF$1,059
Days on Market6
Property Features for 137 7th ave
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 7
- Rooms
- Bathroom 4, Bathroom 1, Bathroom 5, Bathroom 7, Bathroom 2, Bathroom 6, Bathroom 3
- Standard status
- Active
- Size
- 3,584 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 24282
Utilities
- Heating system
- Steam, Natural Gas
Building Details
- Year built
- 1920
- Floors in Building
- 4
- Flooring type
- Tile
- Building materials
- Stucco
- Roof type
- Flat
- Architectural style
- Other
Listing Agency
REMAX REAL ESTATE PROFESSIONALS
(718) 887-5708
6423 11th AVE, BROOKLYN, NY
Listed by
Vito Angelo · License #40AN0957928
(718) 887-5708
Added: Jul 15 Updated: Jul 16 at 6:58 pm Checked: Jul 20 at 2:06 pm
MLS# 11887238
Listing URL
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use building includes six studio apartments and a turnkey rustic pizza/bakery business. The commercial space is described as fully equipped, with all machinery and fixtures included, along with the established business.
The property is located at 137 7th Ave in Brooklyn, with access to Lower Manhattan noted in the offering materials. Public remarks also state it is just minutes from Barclays Center.
The residential component is configured as six studio units, and the commercial component is positioned as an operational, equipped food concept suitable for an owner-operator or investor looking for a combined income stream.
The property is located at 137 7th Ave in Brooklyn, with access to Lower Manhattan noted in the offering materials. Public remarks also state it is just minutes from Barclays Center.
The residential component is configured as six studio units, and the commercial component is positioned as an operational, equipped food concept suitable for an owner-operator or investor looking for a combined income stream.
Key Highlights
- Year built: 1920
- Construction materials: stucco; roof: flat
- Heating: steam and natural gas
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $301.1k | $84.00 |
| − Vacancy | −$24.1k | −$6.72 |
| EGI | $277.0k | $77.28 |
| − OpEx | −$69.2k | −$19.32 |
| NOI | $207.7k | $57.96 |
3,584 SF · lease $84.00/SF/yr · vacancy 8.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.97M
$2.60M – $3.46M
NOI $207,729 @ 7.0% cap · market cap 5.47%
Second Best
Mixed Use
$1.86M
$1.63M – $2.17M
NOI $130,099 @ 7.0% cap · market cap 3.42%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Numero 28 Pizzeria
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use building offering six studio apartments plus a fully equipped pizza/bakery business for immediate operation.
Where is this mixed-use property located?
The property is located at 137 7th ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,799,000.
What are key features of this property?
This property features: Year built: 1920; Construction materials: stucco; roof: flat; Heating: steam and natural gas
